14. Since the 1960s, macroeconomists have become more aware Group of answer choices -that increases in government expenditures are more effective than tax reductions as a source of economic stimulus. -that persistent inflation will reduce the unemployment rate. -of both the potential and the limitations of fiscal and monetary policy as stabilization tools. -of the fact that fiscal policy is more potent than monetary policy. Which is correct?
14. Since the 1960s, macroeconomists have become more aware Group of answer choices -that increases in government expenditures are more effective than tax reductions as a source of economic stimulus. -that persistent inflation will reduce the unemployment rate. -of both the potential and the limitations of fiscal and monetary policy as stabilization tools. -of the fact that fiscal policy is more potent than monetary policy. Which is correct?
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter36: Six Debates Over Macroeconomic Policy
Section: Chapter Questions
Problem 3PA
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14.
Since the 1960s, macroeconomists have become more aware
Group of answer choices
-that increases in government expenditures are more effective than tax reductions as a source of economic stimulus.
-that persistent inflation will reduce the unemployment rate.
-of both the potential and the limitations of fiscal and monetary policy as stabilization tools.
-of the fact that fiscal policy is more potent than monetary policy.
Which is correct?
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